Sat. Sep 26th, 2020

Market and Financial News Aggregator

View: The key to RBI's long delayed resolution framework lies in its implementation

1 min read

The framework was much needed and has in fact been delayed by at least 3 months as from the beginning , it was evident that Covid-19 would have devastating effect on the economy and would also cripple the operations and viability of the industry. Q1FY21 has seen fall in net profits of top 1670 companies by more than 50% and loans of more than Rs 15 lakh crores to industry are in stress.

Source link

Leave a Reply